The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service. Source
Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions
Day: July 19, 2023
Russian CBDC by 2025? What’s happening with the digital ruble
The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma. However, the final rollout of the “digital ruble” among the general public will not happen until 2025–2027, as CBR First Deputy Governor Olga Skorobogatova recently revealed. The timeline still looks optimistic in the global context. According to a recent PwC…
CoinMarketCap’s H1 2023 report says Q2 was a ‘lost quarter’
Crypto data aggregator CoinMarketCap has released its “According to CMC: Crypto Market Analysis H1 2023” report. Within the report, the coin information website described the second quarter of 2023 as a “lost quarter” due to several factors, including the lack of a strong market narrative compared to the first quarter of the year. A few areas, however, experienced strong growth and resilience, the report notes. According to the report, Q1 2023 showed more positive developments, such as Bitcoin (BTC) doubling in price and the rise of layer-2 scaling solutions like…
Manta Network developer raises $25M in Series A, launches layer 2 for ZK apps
P0x Labs, the cryptographic development team behind Manta Network, has announced that it raised $25 million in a Series A funding round, with leading contributions from Polychain Capital and Qiming Venture Partners. The funding gives the company a $500 million valuation. Additionally, Manta Network has introduced the testnet of its layer-2 infrastructure, Manta Pacific, within its ecosystem for zero-knowledge (ZK) applications, according to a company statement. The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific. In an interview with Cointelegraph,…
Latin American Crypto Firm Bitso Joins Stellar Network (XLM) to Boost International USDC Payments
“In recent years, we have seen an increase in cross-border payments globally for both international commerce and remittances. By leveraging blockchain technology and crypto assets, we can significantly improve settlement times and overall costs,” Santiago Alvarado, SVP of Institutional Product at Bitso, said in the statement. Source
What is extended reality (XR), explained
XR works by constructing immersive experiences that combine real-world and virtual components. The specific workings of XR depend on the technology being used, whether it’s VR, AR or MR. Here’s how these technologies work: Virtual reality VR technology produces immersive experiences by replacing the user’s surroundings with virtual ones. Users put on a VR headset that has sensors integrated into it to track their head movements. The headset shows stereo 3D images that give the user a sensation of depth and immersion. The realistic experience is further improved by the…
Polygon Labs Mulls Governance Restructure in Polygon 2.0 Roadmap
Second, a “System Smart Contracts Governance” pillar that facilitates upgrades for protocol changes or software that is implemented as a smart contract. Such changes would be overseen by an Ecosystem Council, elected and governed by the community, made up of reputed members. Source
5 Free data set sources to use for data science projects
When working on a data-driven project, finding reliable and high-quality data sets is essential. Fortunately, there are several free sources available that provide access to a wide range of data sets across various domains. However, please pay attention to the data’s quality, documentation and any licensing restrictions associated with each data set. This article will explore five free data set sources that you can utilize for your next project. Kaggle Kaggle is a popular platform for data scientists and machine learning enthusiasts. It offers a huge selection of open-access data…
Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing
Messaging platform Telegram issued $270 million in bonds this week to fund its growth until “we reach the break-even point,” CEO Pavel Durov announced Tuesday. The platform is not yet profitable and has rising expenses due to its “massive growth,” Durov said. It’s onboarding 2.5 million new users a day and earlier this year hit 800 million monthly active users. “I personally bought about a quarter of the new Telegram bonds, investing tens of millions into Telegram’s growth. This comes in addition to the hundreds of millions I spent over…
Société Générale subsidiary becomes the first fully-licensed crypto provider in France
Forge, a subsidiary of Société Générale — the third-largest bank in France — became the first company to obtain the highest access license for providing crypto services in the country — a prerequisite for numerous service activities (PSAN). The provider will have a right to custody digital assets, to purchase and sell them for legal tender, and trade them against each other. Local media paid attention to the update in the register of the French stock market regulator, the Autorité des Marchés Financiers (AMF), on July 19. As the Société…